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  • 1_M (Monthly). Eagle Accounting calculates an initial yield as of settlement date of the tax lot and every 1 month starting from the prospective start date. If you select this option, you must specify a value for the Prospective Amortization Start Date and Prospective Roll Convention fields.
  • 3_M (Quarterly). Eagle Accounting calculates an initial yield as of settlement date of the tax lot and every 3 months starting from the prospective start date. If you select this option, you must specify a value for the Prospective Amortization Start Date and Prospective Roll Convention fields.
  • 6_M (Semiannual). Eagle Accounting calculates an initial yield as of settlement date of the tax lot and every 6 months starting from the prospective start date. If you select this option, you must specify a value for the Prospective Amortization Start Date and Prospective Roll Convention fields.
  • 12_M (Annual). Eagle Accounting calculates an initial yield as of settlement date of the tax lot and every 12 months starting from the prospective start date. If you select this option, you must specify a value for the Prospective Amortization Start Date and Prospective Roll Convention fields.
  • CF/PRE (Third-party cash flow or prepayment speed changes). Eagle Accounting calculates an initial yield as of settlement date of the tax lot and when there are changes to third party cash flow data, prepayment time series data, and at the start of every coupon period.
  • CF/PRE/FRE (Third-party cash flow/speed/coupon period changes). Eagle Accounting calculates an initial yield as of settlement date of the tax lot and when there are changes to third party cash flow data, prepayment time series data, and at the start of every coupon period.
  • DEF (Reference data affecting amortization yield (D)). Default. Every time there is a change in an SMF Field that affects yield calculation, the earnings process calculates a new amortization yield(s) the next time earnings are run. Eagle Accounting uses the SMF Earnings indicator field to track changes to SMF reference fields that affect yields.
  • DEFCF (Changes for amort yield and third-party cash flow). Every time there is a change in an SMF field that affects yield calculation and any change to data in the third party cash flow table, the earnings process calculates new amortization yields.
  • FRE (Beginning of coupon period (FRE). Eagle Accounting calculates an initial yield as of settlement date of the tax lot. It only calculates new yields at the start of each new coupon period.
  • ICF (Initial Third Party Cash Flow released). Eagle Accounting calculates an initial yield as of settlement date of the tax lot. It only recalculates a new yield if there are changes to the initial Third Party Cash flow record.
  • NONE (None). Eagle Accounting calculates an initial yield as of settlement date of the tax lot. It does not recalculate the amortization yield for the life of the tax lot, regardless of changes to reference information.

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Recalculate Yields Based on SMF Reference Data Changes

You can set up an amortization/accretion rule to have the system automatically recalculate yields when reference data changes. Reference data includes the following changes to SMF data.
If you set up amortization/accretion rules to automatically recalculate yields when SMF reference data changes, these changes include the following data elements for securities:

  • Issue Price (tag 69)
  • Issue Date (tag 68)
  • Dated Date (tag 1183)
  • First Coupon Date (tag 473)
  • Last Coupon Date (tag 474)
  • Maturity Date (tag 38)
  • Maturity Price (tag 42)
  • Payment Frequency Code (tag 472)
  • Business Day Convention (tag 1536)
  • Business Calendar Name (tag 1480)
  • Day of Month Override (tag 1533)
  • Interest Payment Timing (tag 1523)
  • Coupon Day of Month (tag 10551)
  • CMO First Principal Repayment Date (tag 1587)
  • OID Indicator (tag 218)
  • Trading Flat (tag 3949)
  • Coupon (tag 70)
  • Coupon Type Code (tag 97)
  • Underlying Security Alias (tag 1347)
  • Index Offset (tag 215)
  • Coupon Delay Days Type (tag 3999)
  • Coupon Delay Days (tag 4908)
  • Lifetime Floor (tag 10910)
  • Lifetime Cap (tag 10909)
  • Periodic Floor (tag 10908)
  • Periodic Cap (tag 10907)
  • Reset Look Back Days (tag 10547)
  • Reset Look Back Days Type (tag 5075)
  • Reset Frequency Code (tag 1788)
  • First Rate Reset Date (tag 10911)
  • Inverse Floater Rate (tag 1553)
  • Inverse Floater Multiple (tag 4532)
  • Compounding Method (tag 11876)
  • Compounding Frequency (tag 11877)
  • First Compounding Date (tag 11878)
  • Last Compounding Date (tag 11879)
  • Convert indicator (tag 1531)

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Recalculate Yields Based on Prepayment Time Series Reference Data Changes

You can set up an amortization/accretion rule to have the system automatically recalculate yields when reference data for prepayment time series changes.
These changes include the following data elements for prepayment time series data. Prepayment time series data changes include new records, cancelled records, and updates from a Pending to a Released status. Or an update to the record for the following fields:

  • Begin Date (tag 220)
  • End Date (tag 221)
  • Coupon (tag 70)
  • Coupon Type Code (tag 97)
  • Day Count Basis (tag 471)
  • Payment Frequency Code (tag 472)
  • Underlying Security Alias (tag 1347)
  • Index Offset (tag 215)

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Recalculate Yields Based on Schedule Reference Data Changes

If you set up amortization/accretion rules to automatically recalculate yields when reference data changes, these changes include the following data elements for schedules. The Schedule table stores the Call/Put/Sink/Pre-Refunded information for a security.
Schedule changes include new schedules, deleted schedules, or a change to the following fields:

  • Schedule Type (tag 1250)
  • Effective Date (tag 1109)
  • Price/Rate (tag 1249)
  • Schedule Amount (tag 1669)
  • Variable Rate Changes

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Recalculate Yields Based on Variable Rate Reference Data Changes

If you set up amortization/accretion rules to automatically recalculate yields when reference data changes, these changes include the following data elements for variable rates.
Variable rate changes include new variable rates for the security or for the attached underlying security. Changes also include a change to the following fields:

  • Effective Date (tag 1109)
  • Variable Rate (tag 96)
  • Cash Movement Flag (tag 3664)

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Recalculate Yields Based on Business Calendar Reference Data Changes

If you set up amortization/accretion rules to automatically recalculate yields when reference data changes, these changes include data elements for business calendars. Business calendar changes include an update to the business calendar dates of a security.

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Recalculate Yields Based on Third Party Cash Flow Changes

When you set up an amortization/accretion rule to automatically recalculate yields when third party cash flows change, third party cash flow changes include changes to source, cash flow type, requested speed type, and effective date. Changes also include new or cancelled records with a Released status, or an update from a Pending Status to a Released status.

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Recalculate Yields Based on Prepayment Speed Changes

When you set up an amortization/accretion rule to automatically recalculate yields when third party prepayment speeds change, prepayment speed changes include changes to source, effective date, and security alias.